Questions in and about economics that are of philosophical interest arise in at least three areas. First, there are questions about the scientific status of economics. E.g., if economic models are literally false representations of reality, how can they aid understanding?

Second, there are puzzles arising within economic theory, especially concerning the notion of rationality. E.g., why model economic agents as homo economicus if such a being would be a 'rational fool'? And third, there are matters concerning the relation between economics and normative questions of economic policy. E.g., what would be an optimal savings rate in very long run? Such questions are conceptually challenging and there is no consensus on answers. This course explores a selection of such questions.

Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.